In|Vest 2018 Direct

Flagstar Bank launches its next mortgage-tech accelerator while Walmart and Citi partner on a supplier loan program. These stories and more in banking news this week.

The strategy document identifies potential avenues for cutting cybercriminals off from financing, as well as other actions banks can take.

The job cuts at Citi are driven by an industry wide slow down in deals and a drop in mortgage demand due to rising interest rates.

The measure prohibits government contracts with companies deemed to be "boycotting" the fossil fuel, firearm, timber, mining, and agriculture industries.

The National Credit Union Administration would give tentative OKs to organizers of startups so they can secure enough capital for a final approval, Vice Chairman Kyle Hauptman says. Some industry observers describe the plan as a step in the right direction, while others complain more has to be done to foster new credit unions.

A New York Fed study finds that the Community Reinvestment Act does nothing to extend credit to lower-income areas, but it's unclear whether regulators' current reform effort could change that.

Railsbank Technology may be sold of as it faces mounting financial and regulatory problems.

A new product enables consumers to initiate a transaction by typing in a merchant's web domain — even if that business doesn't have an e-commerce site. It's the web-hosting company's latest bid to provide more to small proprietors.

Nonbanks that refer to "deposits" and "APY" interest payments are drawing scrutiny from regulators, and some observers say Congress needs to clarify what nonbanks can say about their interest-bearing offerings.

The Federal Housing Finance Agency head has said: "The status quo is not acceptable." She could not be more correct.